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The business value of operating core insurance solutions on the cloud

IBM Big Data Hub

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

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Business leaders highlight the need for a hybrid cloud approach to unlock the power of generative AI

IBM Big Data Hub

These organizations are less likely to have a formal approach to AI than some other industries, but they are showing progress: 57% of banks and financial markets organizations, 54% of insurers and 54% of life sciences/pharma institutions have adopted a formal approach to the technology so far.

Cloud 90
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Benefits of Enterprise Modeling and Data Intelligence Solutions

erwin

“We use erwin DM to do all of the levels of analysis that a data architect does,” said Sharon A., a senior manager, data governance at an insurance company with over 500 employees. She added, “erwin DM does conceptual, logical and physical database or data structure capture and design, and creates a library of such things.

Metadata 122
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Data governance use cases – 3 ways to implement

Collibra

Data lake management: Prevent a data swamp. A data lake is a storage repository that holds a vast amount of raw data in its native format, including structured, semi-structured and unstructured data. The data structure and requirements are not defined until the data is needed.

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#ModernDataMasters: Scott Taylor, “The Data Whisperer”

Reltio

I look at all of those and behind each one I say: “OK it’s not going to work without master data”. For example you’re not going to get IoT to work across organisations and devices without having a common data structure. It always comes back to this foundational, structural data and the challenge is, it’s not very sexy.

MDM 40
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The Indian Business Responsibility and Sustainability Report (BRSR) explained

IBM Big Data Hub

These include ethics awareness programs for value chain partners, product and service life cycle assessments, employee protections such as insurance and transition programs. This data can be sliced and diced to align to the needs of multiple reporting frameworks as required.

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Best Digital Forensics Tools & Software for 2021

eSecurity Planet

This includes deep inspection of hundreds of protocols in a standard three-pane packet browser that encapsulates data structures. When in use, Xplico creates XML files that uniquely identify the flows and pcap contained in each data structure reassembled.